Director of liquidated company

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My brain is frozen and can't rememberr the answer to the following question

Can the director of a liquidated company carry on operating as a director of an existing company with a similar name

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By johngroganjga
06th Jun 2017 11:27

Unless he is disqualified from acting as a director, which is what sometimes happens after an insolvent liquidation where directors have acted improperly, he can be a director of any company which will have him.

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By ksagroup
06th Jun 2017 11:32

Yes it depends. According to section 216 of the Insolvency Act 1986 you can carry on using a similar name of a company that you are a director of as long as it meets the following criteria;

(a) has been known by that name for the whole of the period of 12 months ending with the day before the liquidating company went into liquidation, and

(b) has not at any time in those 12 months been dormant within the meaning of section 252(5) if the companies Act.

For more information on section 216 take a look at the following page. http://www.companyrescue.co.uk/creditors-voluntary-liquidation/starting-... However it would always be a good idea to get some legal advice as breaches of section 216 carry heavy penalties

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By bernard michael
06th Jun 2017 14:15

Thanks for the info

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